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As corporate treasurer, you have to pay $18 million in one year and again in two years. Bonds of all maturities currently yield 9%. If

As corporate treasurer, you have to pay $18 million in one year and again in two years. Bonds of all maturities currently yield 9%.

If interest rates suddenly go down to 8%, what is your immediate funding surplus (positive number) or shortfall (negative number) (in $)???

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